Kingswood Wealth Advisors LLC Sells 1,838 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Kingswood Wealth Advisors LLC reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,103 shares of the semiconductor company's stock after selling 1,838 shares during the period. Kingswood Wealth Advisors LLC's holdings in Texas Instruments were worth $4,511,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments during the 1st quarter worth about $34,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

TXN traded up $0.66 during midday trading on Thursday, reaching $198.35. The company's stock had a trading volume of 3,741,956 shares, compared to its average volume of 6,382,902. The company has a fifty day simple moving average of $175.96 and a 200 day simple moving average of $182.10. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The stock has a market cap of $180.20 billion, a P/E ratio of 37.64, a PEG ratio of 3.23 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Truist Financial cut their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Morgan Stanley reissued an "underweight" rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Benchmark lowered their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $190.55.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.